PRESS DIGEST-British Business - February 27

Reuters
27 Feb
PRESS DIGEST-British Business - February 27

Feb 27 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

- BP's BP.L boss has abandoned a target to cut fossil fuel production and put its Castrol lubricants business up for sale as he battles to convince investors that he can revive the fortunes of the energy major.

- One of Britain's leading green finance campaign groups co-founded by the screenwriter and director Richard Curtis, Make My Money Matter, is to close after funding dried up.

Sky News

- UK's Heathrow Airport is in talks with scores of airlines including British Airways about a once-a-decade overhaul of its occupancy, which could lead to some being forced to relocate their long-standing bases.

- The CIA, NSA and multiple other U.S. intelligence agencies have been asked to examine a reported request from the UK government for Apple AAPL.O to implement a backdoor in their encryption.

The Telegraph

- The US owner of major British telecoms company Liberty Global LBTYA.O has defied President Donald Trump's call to scrap diversity, equity and inclusion $(DEI)$ initiatives despite a wider retreat across the corporate world.

- Phil Popham, the executive director of British battery company Volklec, has unveiled plans to develop a 1-billion-pound ($1.27 billion) gigafactory in the UK under a tie-up with a Chinese battery company.

The Guardian

- The British sportscar maker Aston Martin AML.L has further delayed its first battery electric vehicle, as it announced plans to cut 170 jobs, 5% of its global workforce, in the latest step in its quest for profits.

- England's most polluting water provider "isn't good enough" at trying to stop sewage dumping, its CEO Louise Beardmore admitted to the parliament's Environment, Food and Rural Affairs committee.

($1 = 0.7899 pounds)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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